rational expectation
The inflow caused by ETF is expected to go much higher than the safe/rational expectation ... with a good chance for quite a bad crypto winter at the end of the cycle (but that's not in the current scope).
This being said, I expect to get to 1M one cycle earlier than what franky1 posted.
Still, we cannot know what the future holds. Imho we have to still stack sats and enjoy the ride.
the ETF did push bitcoin to $70 before 2025.. correct.. BUT even when blackrock has been buying 20k baskets in a day.. market economics is trying to not let even the ETF push prices rampant.. as we can see today the market is not $75k-$80k, but instead pulling the market down below $70k
so the market does not want to rise too high too fast, to soon